Increase your bets when you are confident and scale down your positions when you don’t have conviction.
GEORGE SOROSAn open society is a society which allows its members the greatest possible degree of freedom in pursuing their interests compatible with the interests of others.
More George Soros Quotes
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Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
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Discount the obvious, bet on the unexpected.
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The world order needs a major overhaul.
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To be successful, you need leisure. You need time hanging heavily on your hands.
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Revolutions usually start with enthusiasm and end in tears.
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My conceptual framework, which basically emphasizes the importance of misconceptions, makes me extremely critical of my own decisions. I know that I am bound to be wrong, and therefore am more likely to correct my own mistakes.
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What works for Germany can’t work for the rest of Europe: No country can run a chronic surplus without others running deficits.
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There is very little difference between speculation and investment. The only difference is basically that investments are successful speculations because if you successfully anticipate the future you make a speculative profit.
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As I discovered, there is a great deal of similarity between a boom-bust process in the financial markets and the rise and fall of the Soviet system.
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Political debate is more interested in manipulating the truth, than finding the truth.
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Short term volatility is greatest at turning points and diminishes as a trend becomes established.
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If I had to sum up my practical skills, I would use one word: survival. And operating a hedge fund utilized my training in survival to the fullest.
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The strength of this country lies in the Declaration of Independence and the Bill of Rights and the freedom of speech and thought.
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The main obstacle to a stable and just world order is the United States.
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Studying economics is not a good preparation for dealing with it.
GEORGE SOROS